Sanjay Kedia Increases Stake in Garnet Construction to 45.34%

Sanjay Kedia, identified as part of the Promoter/Promoter group, has significantly increased his shareholding in Garnet Construction Ltd. The acquisition details reveal a purchase of 40,82,909 equity shares, representing 29.37% of the total share capital. This transaction brings his total holding to 63,03,082 shares, or 45.34% of the company's total share capital. The acquisition was valued at ₹13,90,22,000, comprising 1,39,02,200 equity shares of face value ₹10 each. The filing is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.